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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by

Senate Finance Committee Chairman Ron Wyden (D-Ore.) on Friday announced Democrats’ “Plan B” to raise the minimum wage after the Senate parliamentarian ruled that an earlier proposal from House Democrats to raise the federal minimum wage $15 an hour did not meet special budgetary rules.

Wyden is proposing a workaround solution that would impose a 5 percent tax penalty on large corporations if any of their workers earn less than a certain amount, with the penalty increasing over time.

The article goes on to state the following:

The language would ensure that large companies would have a significant financial incentive to raise wages, even if they are not mandated by law to pay employees more than the current federal minimum wage of $7.25 an hour.

“I’m exploring a tax penalty for mega-corporations that refuse to pay a living wage. This isn’t over,” Wyden declared in a Twitter post Friday morning.

Sen. Bernie Sanders also suggested a similar plan in a statement Thursday night, declaring he will be pushing an amendment “to take tax deductions away from large, profitable corporations that don’t pay workers at least $15 an hour.”

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  1. Big corporations can do it without raising prices on consumer goods. They want you to believe they can’t. Their CEO’s etc make huge salaries, huge! Leave small businesses alone. Oh and places like Target, Walmart and Amazon etc.. are not small businesses!!

  2. All they’ll do is raise the prices on whatever product or service they sell. The folks who get the pay bump will be even or a little ahead; the folks who don’t get the pay bump will have even less “effective” income.

    Don’t do this. It’s at least as stupid as minimum wage. The entry level jobs aren’t meant to support a family; they’re meant for high school and college kids, or people re-entering the work force.


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